I've got a Korean made "PRS" and its a pretty decent guitar - the stock pickups weren't great but that doesn't mean its not a good guitar.
How is it branded? I ask because I've long hoped that -- someday -- I'd pick up a Tele-style guitar and a PRS-style guitar (since after the LP-style, which I've got, I like those kinds of guitars). I've played some of the Mexican Teles, and thought they were pretty decent (though they'd need new pickups, obviously! :)), but I haven't explored PRSland very much.
I'm sure that one can get a tasty high-end PRS, but I've heard the stories of their quality control going south like Gibson's, and I remember the endless shopping around for a solid used Gibson I did! I suppose the PRS SE ranges would at least be cheaper, and perhaps quite nice once the pickups and perhaps other electronics were changed out, though maybe one has to shop around the SEs to find one that feels good, too.
Does PRS have one of these "under another name" things going on with the Asian market (like Gibson and Orville), or are there other manufacturers making good quality but less bank-breaking PRS-styled guitars?